Dear friends, 

I have professional and personal news to share. 

I co-founded Doctrine almost six years ago. Doctrine exists because democracy dies in darkness. Our mission is to make legal information accessible and understandable. With the best information at the right time, lawyers can refine their practice and seek justice for their clients. We are building a legal information platform used daily by thousands of delighted customers. By doing so, we improve our society's legal infrastructure, which is key to creating wealth.

Last year, I decided to transition from CEO to Chairman of Doctrine. My long-time colleague Guillaume is now in charge of running Doctrine while I focus on strategic topics at the board level. I'm delighted with the move. Guillaume does a great job strengthening Doctrine's competitive moats and scaling Doctrine to a point where we have a fast-growing and profitable business. Taking a step back allows me to see our business from other perspectives, which is critical to success. 

I have also had the space to reflect on our game plan to build a long-lasting company. I've had the opportunity to discuss ideas with many of you as well as to write articles to guide Doctrine's strategy - How to Reinvest Earnings, How to Buy Back Shares, How to Survive Inflation, The Intelligent CEO, Surviving Capitalism with Competitive Moats, I Raise Therefore I am, and many more. I started Doctrine when I was 21, and it has been a wild ride. I want to thank all our customers, investors, Raphael and Antoine, my co-founders, and our fantastic team. It is also important to say that this is not goodbye; I haven't sold any of my shares over the years, and I don't intend to do so today. I'm bullish on what we are building, and I couldn't be more excited about the next decades to come! 

On a personal note, I finally had the occasion to marry my fiancé, Natalie, this summer. We organized a civil ceremony in Texas, and we are now eager to celebrate with all our friends in France in the future. We also took the opportunity to complete a long-discussed topic: moving back to the US. We have just settled in San Francisco to begin a new chapter in our life. We love the beautiful city, the incredible access to nature, and the density of smart and kind people. If you're in town, please reach out! 

Nicolas